Troutman Pepper Locke Advises BPX Production Company in Execution of Long-Term Commercial Agreements With NDB Midstream and WaterBridge Operating

HOUSTON  ̶  Troutman Pepper Locke advised BPX Production Company (bpx energy), bp’s U.S. onshore business operating in the Permian, Eagle Ford, and Haynesville basins, in the execution of long-term commercial agreements with NDB Midstream and WaterBridge Operating (collectively, WaterBridge) to support their long-term development plans in the Stateline region of the Delaware Basin. WaterBridge will initially construct and operate 400MBbls/d of new produced water handling capacity over the next three years, with the ability to increase capacity to 600MBbls/d. The commercial agreements contemplate the greenfield construction of a large diameter gathering and transportation system to safely and efficiently transport water away from bpx energy’s development locations in Reeves County, Texas. For more information, see the press release.

The Troutman Pepper Locke team advising bpx energy included David Wilhelm, Terry Radney, and Lee Alexander.

Troutman Pepper Locke’s market-leading energy practices help clients with their most important and complex matters throughout the U.S. and beyond. From electric power, oil and gas, or emerging technologies, the cross-discipline team is equipped to handle any related matters, drawing on the depth of the firm’s knowledge in the market. Troutman Pepper Locke regularly advises electric utilities, independent power producers, banks, upstream and midstream natural gas companies and service companies, private equity funds, and other large corporations. Learn more at energylawinsights.com.

Troutman Pepper Locke

Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.